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Federal Realty Investment Trust（FRT）与ROYAL GOLD INC（RGLD）财务数据对比。点击上方公司名可切换其他公司
ROYAL GOLD INC的季度营收约是Federal Realty Investment Trust的1.1倍（$375.3M vs $336.0M），Federal Realty Investment Trust净利率更高（38.6% vs 24.9%，领先13.7%），ROYAL GOLD INC同比增速更快（85.3% vs 8.7%），过去两年ROYAL GOLD INC的营收复合增速更高（58.8% vs 6.5%）
Federal Realty Investment Trust是一家专业房地产投资信托基金，核心投资标的为购物中心类商业物业，资产布局覆盖美国东北部、大西洋中部地区、加利福尼亚州及南佛罗里达区域，在当地商业不动产投资领域拥有丰富的运营经验。
Royal Gold Inc.是全球领先的贵金属流权与特许权经营企业，收购并管理多元化的矿业项目流权、净熔炼收益特许权及相关权益，资产覆盖黄金、白银、铜等品类，业务遍及多地区，无需直接承担采矿运营风险。
FRT vs RGLD — 直观对比
营收规模更大
RGLD
是对方的1.1倍
$336.0M
营收增速更快
RGLD
高出76.6%
8.7%
净利率更高
FRT
高出13.7%
24.9%
两年增速更快
RGLD
近两年复合增速
6.5%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $336.0M | $375.3M |
| 净利润 | $129.7M | $93.6M |
| 毛利率 | — | 64.6% |
| 营业利润率 | 53.8% | 56.2% |
| 净利率 | 38.6% | 24.9% |
| 营收同比 | 8.7% | 85.3% |
| 净利润同比 | 103.5% | -12.8% |
| 每股收益（稀释后） | $1.49 | $1.04 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FRTRGLD
| Q1 26 | $336.0M | — | ||
| Q4 25 | $336.0M | $375.3M | ||
| Q3 25 | $322.3M | $252.1M | ||
| Q2 25 | $311.5M | $209.6M | ||
| Q1 25 | $309.2M | $193.4M | ||
| Q4 24 | $311.4M | $202.6M | ||
| Q3 24 | $303.6M | $193.8M | ||
| Q2 24 | $296.1M | $174.1M |
净利润FRTRGLD
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $93.6M | ||
| Q3 25 | $61.6M | $126.8M | ||
| Q2 25 | $155.9M | $132.3M | ||
| Q1 25 | $63.8M | $113.5M | ||
| Q4 24 | $65.5M | $107.4M | ||
| Q3 24 | $61.0M | $96.2M | ||
| Q2 24 | $112.0M | $81.2M |
毛利率FRTRGLD
| Q1 26 | — | — | ||
| Q4 25 | — | 64.6% | ||
| Q3 25 | — | 73.6% | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | 69.4% | ||
| Q4 24 | — | 70.3% | ||
| Q3 24 | — | 66.6% | ||
| Q2 24 | — | 64.7% |
营业利润率FRTRGLD
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 56.2% | ||
| Q3 25 | 34.3% | 64.4% | ||
| Q2 25 | 65.1% | 67.7% | ||
| Q1 25 | 35.0% | 63.6% | ||
| Q4 24 | 35.1% | 65.9% | ||
| Q3 24 | 34.9% | 61.3% | ||
| Q2 24 | 53.0% | 58.6% |
净利率FRTRGLD
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 24.9% | ||
| Q3 25 | 19.1% | 50.3% | ||
| Q2 25 | 50.0% | 63.1% | ||
| Q1 25 | 20.6% | 58.7% | ||
| Q4 24 | 21.0% | 53.0% | ||
| Q3 24 | 20.1% | 49.7% | ||
| Q2 24 | 37.8% | 46.6% |
每股收益（稀释后）FRTRGLD
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $1.04 | ||
| Q3 25 | $0.69 | $1.92 | ||
| Q2 25 | $1.78 | $2.01 | ||
| Q1 25 | $0.72 | $1.72 | ||
| Q4 24 | $0.74 | $1.63 | ||
| Q3 24 | $0.70 | $1.46 | ||
| Q2 24 | $1.32 | $1.23 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $107.4M | $233.7M |
| 总债务越低越好 | $5.0B | — |
| 股东权益账面价值 | $3.2B | $7.2B |
| 总资产 | $9.1B | $9.5B |
| 负债/权益比越低杠杆越低 | 1.53× | — |
8季度趋势，按日历期对齐
现金及短期投资FRTRGLD
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $233.7M | ||
| Q3 25 | $111.3M | $172.8M | ||
| Q2 25 | $177.0M | $248.2M | ||
| Q1 25 | $109.2M | $240.8M | ||
| Q4 24 | $123.4M | $195.5M | ||
| Q3 24 | $97.0M | $127.9M | ||
| Q2 24 | $103.2M | $74.2M |
总债务FRTRGLD
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.5B | — | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $50.0M |
股东权益FRTRGLD
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $7.2B | ||
| Q3 25 | $3.2B | $3.4B | ||
| Q2 25 | $3.2B | $3.3B | ||
| Q1 25 | $3.2B | $3.2B | ||
| Q4 24 | $3.2B | $3.1B | ||
| Q3 24 | $3.1B | $3.0B | ||
| Q2 24 | $3.0B | $3.0B |
总资产FRTRGLD
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $9.5B | ||
| Q3 25 | $8.9B | $4.5B | ||
| Q2 25 | $8.6B | $3.6B | ||
| Q1 25 | $8.6B | $3.5B | ||
| Q4 24 | $8.5B | $3.4B | ||
| Q3 24 | $8.5B | $3.3B | ||
| Q2 24 | $8.4B | $3.3B |
负债/权益比FRTRGLD
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.42× | — | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.02× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $241.7M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | — | 2.58× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流FRTRGLD
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $241.7M | ||
| Q3 25 | $147.8M | $174.0M | ||
| Q2 25 | $150.7M | $152.8M | ||
| Q1 25 | $179.0M | $136.4M | ||
| Q4 24 | $574.6M | $141.1M | ||
| Q3 24 | $144.1M | $136.7M | ||
| Q2 24 | $169.7M | $113.5M |
现金转化率FRTRGLD
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 2.58× | ||
| Q3 25 | 2.40× | 1.37× | ||
| Q2 25 | 0.97× | 1.15× | ||
| Q1 25 | 2.81× | 1.20× | ||
| Q4 24 | 8.77× | 1.31× | ||
| Q3 24 | 2.36× | 1.42× | ||
| Q2 24 | 1.52× | 1.40× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FRT
暂无分部数据
RGLD
| Gold | $216.9M | 58% |
| Pueblo Viejo | $47.3M | 13% |
| Andacollo | $32.6M | 9% |
| Silver | $32.1M | 9% |
| Other | $27.2M | 7% |
| Copper | $13.7M | 4% |
| Cortez Legacy Zone | $5.4M | 1% |
